U.S. announces to charge China's large washing machines with punitive dutiesU.S. International Trade Commission has announced hefty tariffs on certain large residential washing machines made in China. The ITC has been accusing Chinese manufacturers of dumping washing machines into the U.S. market at artificially low prices. As such, they are now being hit with punitive duties ranging from 32 to 52 percent.

Could Bank of China leave London?Bank of China could be set to move some of its London operations to Dublin. That's according to a report from the Irish Independent newspaper, which suggests that the Bank of China (BoC), together with Sumitomo Mitsui Banking Corporation of Japan, is in talks with the Irish Government about a possible relocation.

Alipay takes off with FinnairFinnish national airline Finnair is to activate the Chinese online payment system Alipay on one of its flights between China and Finland.

Alibaba's financial arm to acquire MoneyGramAnt Financial, e-commerce giant Alibaba's financial arm, announced late on Thursday that it has reached a deal to acquire U.S. money-transfer company MoneyGram for 880 million U.S. dollars.